Saratoga Investment Corp. (SAR) Set to Announce Quarterly Earnings on Thursday
Saratoga Investment Corp. (NYSE:SAR) will release its Q217 earnings data on Thursday, October 13th. Analysts expect Saratoga Investment Corp. to post earnings of $0.45 per share and revenue of $7.76 million for the quarter.
Saratoga Investment Corp. (NYSE:SAR) last released its quarterly earnings results on Wednesday, July 13th. The company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.51 by $0.05. Saratoga Investment Corp. had a return on equity of 9.23% and a net margin of 24.83%. On average, analysts expect Saratoga Investment Corp. to post $1.91 EPS for the current fiscal year and $1.93 EPS for the next fiscal year.
Saratoga Investment Corp. (NYSE:SAR) opened at 18.04 on Wednesday. The company has a market cap of $103.57 million, a PE ratio of 13.53 and a beta of 0.39. Saratoga Investment Corp. has a 12-month low of $13.41 and a 12-month high of $18.75. The stock has a 50 day moving average of $18.02 and a 200 day moving average of $17.07.
An institutional investor recently raised its position in Saratoga Investment Corp. stock. Ameriprise Financial Inc. increased its position in Saratoga Investment Corp. (NYSE:SAR) by 1.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,129 shares of the company’s stock after buying an additional 265 shares during the period. Ameriprise Financial Inc. owned about 0.32% of Saratoga Investment Corp. worth $306,000 as of its most recent filing with the SEC. 20.45% of the stock is owned by institutional investors.
SAR has been the subject of several analyst reports. Zacks Investment Research downgraded shares of Saratoga Investment Corp. from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 26th. Compass Point assumed coverage on shares of Saratoga Investment Corp. in a research report on Tuesday, July 26th. They issued a “neutral” rating and a $18.00 target price for the company.
Saratoga Investment Corp. Company Profile
Saratoga Investment Corp. is a specialty finance company. The Company is an externally managed, closed-end, non-diversified management investment company. The Company invests primarily in leveraged loans and mezzanine debt issued by private middle-market companies in the United States. Its investment objective is to generate current income and, to a lesser extent, capital appreciation from its investments.
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